Indonesia: Ball Bearing Market 2024

Ball Bearing Market Size in Indonesia

The Indonesian ball bearing market expanded remarkably to $X in 2021, surging by 6.7% against the previous year. Overall, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +35.1% against 2016 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Ball Bearing Production in Indonesia

In value terms, ball bearing production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +33.6% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 172% against the previous year. Ball bearing production peaked at $X in 2020, and then shrank modestly in the following year.

Ball Bearing Exports

Exports from Indonesia

In 2021, overseas shipments of ball bearings were finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ball bearing exports surged to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons), Japan (X tons) and China (X tons) were the main destinations of ball bearing exports from Indonesia, together comprising 55% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +60.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ball bearing exported from Indonesia were Japan ($X), Singapore ($X) and China ($X), together comprising 63% of total exports.

China, with a CAGR of +57.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ball bearing export price stood at $X per ton in 2021, falling by -3.7% against the previous year. In general, the export price recorded a slight decrease. The growth pace was the most rapid in 2020 when the average export price increased by 4.4% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.8%), while the prices for the other major destinations experienced a decline.

Ball Bearing Imports

Imports into Indonesia

In 2021, after two years of decline, there was significant growth in supplies from abroad of ball bearings, when their volume increased by 42% to X tons. In general, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, ball bearing imports skyrocketed to $X in 2021. Over the period under review, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.5% against 2018 indices. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest ball bearing supplier to Indonesia, accounting for a 55% share of total imports. Moreover, ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.4% per year) and Thailand (+5.3% per year).

In value terms, the largest ball bearing suppliers to Indonesia were Japan ($X), China ($X) and Thailand ($X), with a combined 78% share of total imports. These countries were followed by Taiwan (Chinese), Singapore and India, which together accounted for a further 8%.

India, with a CAGR of +16.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ball bearing import price amounted to $X per ton, dropping by -6.1% against the previous year. In general, the import price recorded a noticeable setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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